Press releases

Organisation for the Development of Small and Medium-sized Enterprises (ODSME) from the Republic of Moldova, the Webinar and Workshop on “Tax issues and relief in social enterprises”.

The event took place on 5 November 2021 and was supported by Olga Saganaccountant with experience including social enterprises, NGOs.

Importantly, the State grants tax relief for the development of social entrepreneurship in accordance with the Tax Codenamely:

1. Insertion social enterprises benefit from:

free advice from public authorities and institutions when setting up and/or developing a business;

b) the right to participate in procedures for the award of public contracts, in accordance with public procurement law;

c) State aid through State programmes approved in compliance with the relevant legislation.

2. Insertion social enterprises may benefit from the following facilities from local public administration authorities:

the allocation of premises and/or land in the public ownership of administrative-territorial units, in compliance with the provisions of Law No 436/2006 on local public administration, for the purpose of carrying out the activities for which they have been granted the status of insertion social enterprise;

support in promoting products produced and/or supplied, services provided or works carried out within the community, and in identifying outlets for them;

c) support in promoting tourism and related activities by valuing local historical and cultural heritage;

other facilities and exemptions from taxes and duties granted by local government authorities in accordance with the law.’

At the same time, within the framework of Webinar and Workshopit has been reported that ‘at present, the legislation provides for certain tax and non-tax incentives, which are unfortunately not implemented in reality, because they have no counterpart in secondary implementing legislation.’

‘For example, although Law No 845/1992 stipulates that the State grants tax relief for the development of social entrepreneurship in accordance with the Fiscal Code, the Fiscal Code does not provide for special relief for SOEs. These companies have the same tax regime as srles, which is also confirmed in discussions with the representatives of the obscure associations.’, exemplified Olga Sagan.

The recording of the event can be accessed via this link: https://bit.ly/3mNuret

The series of training events dedicated to the promotion and development of Social Entrepreneurship continues. The events agenda can be consulted HERE.

Previously, the events have taken place:

● Webinar + Workshop: “General notions of social entrepreneurship. Benefits and opportunities” (Registration link: https://bit.ly/3pX1tuI)

● Webinar + Workshop: “Legal and practical aspects of obtaining the status of social enterprise” (Registration link: https://bit.ly/2ZGUBX9 )

● Webinar + Workshop: ‘Procedure for obtaining the job subsidy for disadvantaged persons’ (Registration link: https://bit.ly/3k48MNn)

● Webinar + Workshop: ‘Accounting and financial reporting in social enterprises’ (Registration link: https://bit.ly/3nXaktF)

For pre-registration at events of the Organisation for the Development of Small and Medium-sized Enterprises, interested persons are invited to fill in the form: https://forms.gle/s8xG2quRTw4zZFPC8

Registered persons will receive the access link to their events.

Campaign initiated and supported by the transnational Finance4SocialChange project, co-financed by European Union funds (ERDF, IPA, ENI). The aim of the project is to promote social impact and stimulate the development of companies interested in solving community problems. ODSME is a partner, along with 19 other institutions from 15 countries in the Danube region.